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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.


TSX:GGD - Post by User

Bullboard Posts
Post by iUnicornon Jun 30, 2017 3:55pm
149 Views
Post# 26425682

What's everyone nervous about??

What's everyone nervous about??I can't find a reason for the persistent selling other than people expecting a dilution event because of the revolver on the balance sheet. Can someone enlighten me?

In their MD&A it explicitly says mgmt believes current cash, room on the revolver, and cash flow to be sufficient to fund operations. I don't know how long the share price will remain down here, but I am accumulating every opportunity I get. Amazing value opportunity sub $1.25, even at current metals prices. Book value is north of 70 cents and growing.
Bullboard Posts